Hyperliquid vs Axiom
Hyperliquid runs a perps order book with a 0.045% base taker fee. Axiom charges 1% per spot trade. Hyperliquid requires no KYC, while Axiom may ask for identity checks.
On-chain order-book perpetuals with wallet or email sign-in.
Browser trading terminal for new tokens: one-click buys and limit orders on Solana and seven other chains, wallet and X tracking, and a perps tab on Hyperliquid.
| Criterion | Hyperliquid | Axiom |
|---|---|---|
| Fee model | Order book | Per transaction |
| Base fee | 0.045% taker, 0.015% maker on perps | 1% per spot trade |
| KYC | No KYC | Checks may apply |
| Restricted countries | United States and Canada (partly) | Sanctions rules only |
| Leverage | 3x to 40x by asset | Hyperliquid's caps, up to 40x |
| Markets | 100+ perpetual assets, plus spot | Tokens on Solana and seven other chains, perps on Hyperliquid |
How Hyperliquid and Axiom compare
Every fact links to the page it comes from.
| Criterion | Hyperliquid | Axiom |
|---|---|---|
| Fees | 0.045%Taker fee, 0.015% maker. Base tier, standard perpetuals Tier 0 rates for standard perpetuals. Your tier follows 14-day volume, with spot volume counting double, and the staking and referral discounts multiply on top. HIP-3 markets and some quote assets use different rates, so check the fee shown before you confirm. | 1%Trading fee. Spot trades on every chain, perps listed separately Every spot trade pays 1% to Axiom, on every supported chain, before cashback: the SOL rebate runs from 0.05% of trade value at the entry tier to 0.25% at the top, so the net fee is 0.95% to 0.75%, and a referral signup takes a further 10% off. Solana priority fees and bribes, or gas on the other chains, come on top. Perps on Hyperliquid pay 0.01% per transaction plus Hyperliquid's fee and funding. The Terms let fees change without notice and treat the quoted cost as an estimate. Docs: Axiom fees (cashback tiers)Docs: referral program (1% base fee, 10% discount)Docs: Solana fees (priority fee, bribe, MEV modes)Docs: perpetuals deposit (0.01% perps fee)Docs: staking (validator and axiSOL fees)Terms of Use: FeesDefiLlama fee adapter: the 1% taken at swap time on BNB Chain and Robinhood Chain |
| KYC | No KYC There is no identity verification step in the official interface. The Terms require a non-custodial wallet, and the onboarding guide covers wallet or email sign-in, then a deposit. Fiat deposits go through Swapped.com, a separate provider. | Checks may apply You sign up with an email code, a Google account, or a Phantom wallet, set a password, and are shown a recovery phrase. No identity document is asked for, and the wallet keys are yours to export. Buying SOL by debit card or Apple Pay through Coinbase inside the app needs no KYC up to $500 a week, according to Axiom's FAQ, while the MoonPay route verifies identity under MoonPay's rules. The Terms, dated February 26, 2026, reserve the right to run KYC and anti-money-laundering checks at Axiom's discretion, naming passports, driving licences, and utility bills as examples, and the Privacy Policy says wallet addresses are screened for illicit activity. Docs: signup (email, Google, or Phantom, and a recovery phrase)Docs: buy crypto (up to $500 without KYC)Docs: FAQs (Coinbase purchases, Turnkey wallet)Terms of Use: Know Your Customer and Anti-Money Laundering ChecksPrivacy Policy, section 1.1: wallet screeningMoonPay help center: how to verify your MoonPay account |
| Country restrictions | 2+ countries restricted The Terms bar the US, Ontario, and any jurisdiction under applicable sanctions or export controls, including citizens of those jurisdictions wherever they live. The sanctioned jurisdictions are not listed. Outcome markets have a separate exclusion list. | Sanctions rules only The Terms, dated February 26, 2026, name no country. They bar anyone on a US, EU, or UK sanctions list, anyone located in, resident in, or organized in a jurisdiction under comprehensive sanctions or designated as terrorist-supporting by the UN, EU, UK, or US, and anyone under 18, and they let Axiom restrict any person or region at its discretion. Using a VPN to get around a restriction is a breach. The previous Terms, dated February 26, 2025, named the United States, China, Singapore, and sixteen other countries and regions. The current version carries no such list. |
| Leverage | 3x to 40x by asset Maximum leverage is set per asset, from 3x to 40x, and you can choose any whole number up to the cap. Cross margin is the default, and isolated margin is available. Caps step down on large positions, for example BTC from 40x to 20x above $150M notional and ETH from 25x to 15x above $100M. Maintenance margin is half the initial margin at maximum leverage. | Hyperliquid's caps, up to 40x Perps run on Hyperliquid, so each market's maximum leverage is Hyperliquid's: a whole number up to a per-asset cap that tops out at 40x on BTC and steps down on large positions, under Hyperliquid's margin rules and hourly funding. Axiom's own perps page, last updated in April 2025, still says up to 50x, but the venue's current cap governs. Open positions show entry, mark, and liquidation prices and take-profit and stop-loss levels in Axiom's perps portfolio. |
| Markets | 100+ perpetual assets, plus spot More than 100 crypto perpetual assets and a spot order book, plus builder-deployed (HIP-3) perpetual markets on other assets that carry their own fees and leverage limits. Order types: market, limit, stop and take-profit in market or limit form, trailing stop, chase, scale, and TWAP, with reduce-only, post-only, and immediate-or-cancel options. | Tokens on Solana and seven other chains, perps on Hyperliquid Spot trading covers tokens on Solana, where the terminal started, with pump.fun launches, tokens nearing migration, and fresh Raydium pairs surfaced in Pulse, plus the other chains the app lists: BNB Chain (added October 23, 2025), Ethereum, Base, Robinhood Chain, Ink, Arc, and HyperEVM, as shown in the app's chain selector on September 26, 2026. Spot order types are market orders, limit orders, buy-on-migration and sell-on-migration snipes, and auto-strategies that place a buy and its limit orders in one click. The Perpetuals tab opens long or short positions on Hyperliquid's markets. |
| Depositing | USDC, BTC, ETH, SOL and more The direct route is USDC on Arbitrum, which needs a little ETH for gas. The deposit screen also accepts USDC sent from Ethereum, Base, or Polygon, and BTC, ETH, SOL, AVAX, ZEC, and several other tokens through Unit, an independent team, and you then sell those for USDC on the spot market. Fiat deposits go through Swapped.com, also independent. Trading itself is gas-free. | SOL to your wallet, or a card via Coinbase or MoonPay The Axiom wallet is created at signup, so funding it means sending SOL, or tokens on another supported chain, to the address the app shows. Inside the app, Buy opens Coinbase's checkout for a debit card or Apple Pay purchase of SOL, which Axiom's FAQ says needs no KYC up to $500 a week. Coinbase's own developer docs say its hosted guest checkout was discontinued on June 30, 2026, and Axiom's FAQ still shows the $500 figure. MoonPay has been a second route since October 2025, taking cards, bank transfers, Apple Pay, Google Pay, PayPal, and Venmo under MoonPay's identity checks. Perps collateral is separate: you convert SOL into USDC on Hyperliquid from the wallet menu, which takes about five minutes. Docs: signup (deposit SOL or buy through Coinbase)Docs: buy cryptoAxiom homepage FAQ: buying up to $500 a week without KYCCoinbase developer docs: hosted guest checkout discontinued June 30, 2026MoonPay newsroom: MoonPay is now live on AxiomDocs: perpetuals deposit (convert SOL to USDC on Hyperliquid) |
| Withdrawing | $1 fee, about 5 minutes Withdrawing USDC to Arbitrum costs a flat $1, charged in USDC, and takes about five minutes. Validators sign the transfer, so you pay no Arbitrum gas. Other chains and assets use separate routes, and the withdrawal screen shows any gas fee before you confirm. Use Withdraw, not Send: Send only moves funds to another Hyperliquid account. | Send from your own wallet, no Axiom fee published There is no withdrawal step. The Axiom wallet is yours, so leaving means sending SOL or tokens to any address and paying the network fee, or importing the recovery phrase into Phantom, Solflare, or Rabby, which Axiom's own signup guide recommends so you always have direct access. Axiom publishes no withdrawal fee of its own. Perps collateral comes back by converting USDC on Hyperliquid to USDC on Solana from the wallet menu, in about five minutes. The axiSOL staking pool charges 0.1% on withdrawals, and yield balances at Marginfi are advertised as instantly withdrawable. |
| Referral program | 4% fee discount Entering a code gives a 4% fee discount on your first $25M of volume, excluding vaults and sub-accounts. Referrers receive 10% of their referred users' fees. No ChainScouter code is active. | 10% off trading fees Signing up through another user's link takes 10% off trading fees on every trade. The referrer earns 30% of Axiom's net fee on trades by the people they referred directly, 3% on the next level, and 2% on the level after that, on Solana, BNB Chain, and Ethereum trading, with some tokens excluded. Trading itself earns SOL cashback by tier and points toward a leaderboard. The Terms let Axiom change, pause, or withhold rewards before they are claimed. No ChainScouter code is active. |
| Platform | Web, plus third-party mobile apps The official interface is the website. The onboarding guide lists third-party apps with iOS and Android builds (Based, Dexari, MetaMask, and Phantom) and a QR code flow that links a phone to a desktop wallet extension. | Web app that installs on phones Axiom is a browser terminal at axiom.trade built for a desktop screen: a chart with the order box beside it, one-click and hotkey buys and sells, limit orders you can drag on the chart, the Pulse feed of new launches and migrations, a wallet tracker, an X account monitor, several wallets under one login, and a Perpetuals tab. You sign in with an email code, Google, or Phantom plus a password. The site ships a web manifest, so on a phone it installs to the home screen as an app. No native iOS or Android app is documented, and Axiom's site links to no app store listing. Support runs through a Discord ticket channel and the X account. |
Rates apply to the accounts and markets in each scope, before discounts. Network, funding, execution, and transfer costs are separate. A country missing from a restriction list is not confirmed eligible.
Questions about Hyperliquid and Axiom
Is Hyperliquid or Axiom cheaper?
Axiom's headline rate is for spot trades and Hyperliquid's for perps, so they do not line up. Network, funding, execution, and transfer costs are separate.
Hyperliquid: Base perpetual fees are 0.045% taker and 0.015% maker. Tier 0 rates for standard perpetuals. Your tier follows 14-day volume, with spot volume counting double, and the staking and referral discounts multiply on top. HIP-3 markets and some quote assets use different rates, so check the fee shown before you confirm.
Axiom: The standard trading fee is 1% per trade. Every spot trade pays 1% to Axiom, on every supported chain, before cashback: the SOL rebate runs from 0.05% of trade value at the entry tier to 0.25% at the top, so the net fee is 0.95% to 0.75%, and a referral signup takes a further 10% off. Solana priority fees and bribes, or gas on the other chains, come on top. Perps on Hyperliquid pay 0.01% per transaction plus Hyperliquid's fee and funding. The Terms let fees change without notice and treat the quoted cost as an estimate.
Do Hyperliquid and Axiom require KYC?
Hyperliquid requires no KYC, while Axiom may ask for identity checks.
Hyperliquid: There is no identity verification step in the official interface. The Terms require a non-custodial wallet, and the onboarding guide covers wallet or email sign-in, then a deposit. Fiat deposits go through Swapped.com, a separate provider.
Axiom: You sign up with an email code, a Google account, or a Phantom wallet, set a password, and are shown a recovery phrase. No identity document is asked for, and the wallet keys are yours to export. Buying SOL by debit card or Apple Pay through Coinbase inside the app needs no KYC up to $500 a week, according to Axiom's FAQ, while the MoonPay route verifies identity under MoonPay's rules. The Terms, dated February 26, 2026, reserve the right to run KYC and anti-money-laundering checks at Axiom's discretion, naming passports, driving licences, and utility bills as examples, and the Privacy Policy says wallet addresses are screened for illicit activity.
Can I use Hyperliquid or Axiom in the US?
Hyperliquid names the US as restricted. Axiom does not name the US, which is not the same as confirmed eligibility.
Hyperliquid: The Terms bar the US, Ontario, and any jurisdiction under applicable sanctions or export controls, including citizens of those jurisdictions wherever they live. The sanctioned jurisdictions are not listed. Outcome markets have a separate exclusion list.
Axiom: The Terms, dated February 26, 2026, name no country. They bar anyone on a US, EU, or UK sanctions list, anyone located in, resident in, or organized in a jurisdiction under comprehensive sanctions or designated as terrorist-supporting by the UN, EU, UK, or US, and anyone under 18, and they let Axiom restrict any person or region at its discretion. Using a VPN to get around a restriction is a breach. The previous Terms, dated February 26, 2025, named the United States, China, Singapore, and sixteen other countries and regions. The current version carries no such list.
What leverage do Hyperliquid and Axiom offer?
Hyperliquid: Maximum leverage is set per asset, from 3x to 40x, and you can choose any whole number up to the cap. Cross margin is the default, and isolated margin is available. Caps step down on large positions, for example BTC from 40x to 20x above $150M notional and ETH from 25x to 15x above $100M. Maintenance margin is half the initial margin at maximum leverage.
Axiom: Perps run on Hyperliquid, so each market's maximum leverage is Hyperliquid's: a whole number up to a per-asset cap that tops out at 40x on BTC and steps down on large positions, under Hyperliquid's margin rules and hourly funding. Axiom's own perps page, last updated in April 2025, still says up to 50x, but the venue's current cap governs. Open positions show entry, mark, and liquidation prices and take-profit and stop-loss levels in Axiom's perps portfolio.
What can I trade on Hyperliquid and Axiom?
Hyperliquid: More than 100 crypto perpetual assets and a spot order book, plus builder-deployed (HIP-3) perpetual markets on other assets that carry their own fees and leverage limits. Order types: market, limit, stop and take-profit in market or limit form, trailing stop, chase, scale, and TWAP, with reduce-only, post-only, and immediate-or-cancel options.
Axiom: Spot trading covers tokens on Solana, where the terminal started, with pump.fun launches, tokens nearing migration, and fresh Raydium pairs surfaced in Pulse, plus the other chains the app lists: BNB Chain (added October 23, 2025), Ethereum, Base, Robinhood Chain, Ink, Arc, and HyperEVM, as shown in the app's chain selector on September 26, 2026. Spot order types are market orders, limit orders, buy-on-migration and sell-on-migration snipes, and auto-strategies that place a buy and its limit orders in one click. The Perpetuals tab opens long or short positions on Hyperliquid's markets.
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